Surface Drilling Rig Market By Type, By Application, By Commodity, By Sales Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Surface Drilling Rig Market," The surface drilling rig market was valued at $2.2 billion in 2022, and is estimated to reach $3.6 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032. Based on volume, the market was 2,872 units in 2022, and is projected to reach 4,870 units by 2032, registering a CAGR of 4.3% from 2023 to 2032.Surface drilling rigs mainly include two types of rigs; rotary drill, and boom drill. These drilling rigs are widely utilized in construction, mining, quarrying, and various other sectors that need to drill a deep hole into the ground, mostly for creating a blast holes, but also for geotechnical inspection

Surface drilling rig is an industrial machinery used for drilling holes on the land, deep down in the earth's surface containing soft and hard rock. It is available in four types: rotary drill, and boom drill. The rotary surface drilling rig are commonly used for drilling holes, typically, down to a few meters. However, boom drills are used for drilling holes in walls of the mines, typically underground. These machineries are widely used in industries such as mining, construction, quarrying, and others.

The growing population across the world, especially in countries of Asia-Pacific such as China, India, Vietnam, and Indonesia, is driving the growth of the construction industry. This is driving the demand for various construction materials such as sand, stones, aggregate, and other quarry materials. This in turn, positively impacts the growth of the surface drilling rig market. Moreover, the surge in need for metals and minerals such as iron, coal, nickel, zinc, and others which are mined utilizing surface drill rigs along with many other mining equipment is also driving the surface drilling rig market growth. However, the high cost of operation, safety concerns, and carbon emissions restrain the market growth. In addition, gradual decline in the demand for coal is anticipated to have a negative impact on the market growth.

Furthermore, due to COVID-19, the surface drilling rig market witnessed a halt, which led to a small-term decline in the market. However, the market has fully recovered, as the number of COVID-19 cases dropped to a significant number.

Contrarily, the development of technologically advanced and automated surface drilling rigs is anticipated to provide lucrative growth opportunities to the key players in the market. The surface drilling rig market is segmented on the basis of type, application, commodity, sales type and region. By type, the market is categorized rotary drills, and boom drills.

By type, it categorized into rotary drills and boom drills. By application, it is divided into mining, quarrying, construction, and others. By commodity, the market is classified on the basis of gold, copper, coal, iron ore, bauxite, limestone, granite, infrastructure, and others. By sales type, the market is bifurcated into new sales, and aftermarket. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Competition Analysis

Competitive analysis and profiles of the major players in the surface drilling rig market are provided in the report. Major companies in the report include, Arctic Drilling Company Oy Ltd, BARKOM GROUP, Boart Longyear Group Ltd., Epiroc AB, Gill Rock Drill Co., Inc., HARDAB AB, HAWE Hydraulik SE, Revathi Equipment Limited, Sandvik AB, Sunward Intelligent Equipment Co., Ltd., Caterpillar Inc., and Komatsu.

Key benefits for stakeholders

The report provides an extensive analysis of the current and emerging surface drilling rig market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the surface drilling rig market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global surface drilling rig market forecast analysis from 2023 to 2032 is included in the report.
Key market players within the surface drilling rig market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the surface drilling rig industry.

Key Market Segments

By Sales Type

New Sales
Aftermarket

By Type

Rotary Drills
- Category
- DTH
- Others
Boom Drills
- Category
- DTH
- TH

By Application

Mining
Quarrying
Construction
Others

By Commodity

Limestone
Granite
Infrastructure
Others
Gold
Copper
Coal
Iron Ore
Bauxite

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Arctic Drilling Company Oy Ltd.
BARKOM GROUP
Boart Longyear Group Ltd.
Caterpillar Inc.
Epiroc AB
Gill Rock Drill Co., Inc.
HARDAB AB
HAWE Hydraulik SE
Komatsu Ltd.
Revathi Equipment Limited
Sandvik AB
Sunward Intelligent Equipment Co., Ltd.

Product Code: A07356

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rise in Construction Activities
  - 3.4.1.2. Increase in Demand For Energy
  - 3.4.1.3. Growth in Dimension Stone Industry

3.4.2. Restraints
- 3.4.2.1. High Operation Cost
- 3.4.2.2. Carbon Emissions

3.4.3. Opportunities
- 3.4.3.1. Technological Advancements

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: SURFACE DRILLING RIG MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Rotary Drills
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Rotary Drills Surface Drilling Rig Market by Category
  - 4.2.4.1. DTH Market size and forecast, by region
  - 4.2.4.2. DTH Market size and forecast, by country
  - 4.2.4.3. Others Market size and forecast, by region
  - 4.2.4.4. Others Market size and forecast, by country
4.3. Boom Drills
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.3.4. Boom Drills Surface Drilling Rig Market by Category
  - 4.3.4.1. DTH Market size and forecast, by region
  - 4.3.4.2. DTH Market size and forecast, by country
  - 4.3.4.3. TH Market size and forecast, by region
  - 4.3.4.4. TH Market size and forecast, by country

CHAPTER 5: SURFACE DRILLING RIG MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Mining
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Quarrying
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Construction
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: SURFACE DRILLING RIG MARKET, BY COMMODITY

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Gold
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Copper
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Coal
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Iron Ore
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Bauxite
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
6.7. Limestone
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
6.8. Granite
- 6.8.1. Key market trends, growth factors and opportunities
- 6.8.2. Market size and forecast, by region
- 6.8.3. Market share analysis by country
6.9. Infrastructure
- 6.9.1. Key market trends, growth factors and opportunities
- 6.9.2. Market size and forecast, by region
- 6.9.3. Market share analysis by country
6.10. Others
- 6.10.1. Key market trends, growth factors and opportunities
- 6.10.2. Market size and forecast, by region
- 6.10.3. Market share analysis by country

CHAPTER 7: SURFACE DRILLING RIG MARKET, BY SALES TYPE

7.1. Overview
- 7.1.1. Market size and forecast
7.2. New Sales
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Aftermarket
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country

CHAPTER 8: SURFACE DRILLING RIG MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Type
  - 8.2.2.1. North America Rotary Drills Surface Drilling Rig Market by Category
  - 8.2.2.2. North America Boom Drills Surface Drilling Rig Market by Category
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by Commodity
- 8.2.5. Market size and forecast, by Sales Type
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Type
  - 8.2.6.1.2.1. U.S. Rotary Drills Surface Drilling Rig Market by Category
  - 8.2.6.1.2.2. U.S. Boom Drills Surface Drilling Rig Market by Category
  - 8.2.6.1.3. Market size and forecast, by Application
  - 8.2.6.1.4. Market size and forecast, by Commodity
  - 8.2.6.1.5. Market size and forecast, by Sales Type
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Type
  - 8.2.6.2.2.1. Canada Rotary Drills Surface Drilling Rig Market by Category
  - 8.2.6.2.2.2. Canada Boom Drills Surface Drilling Rig Market by Category
  - 8.2.6.2.3. Market size and forecast, by Application
  - 8.2.6.2.4. Market size and forecast, by Commodity
  - 8.2.6.2.5. Market size and forecast, by Sales Type
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Key market trends, growth factors and opportunities
  - 8.2.6.3.2. Market size and forecast, by Type
  - 8.2.6.3.2.1. Mexico Rotary Drills Surface Drilling Rig Market by Category
  - 8.2.6.3.2.2. Mexico Boom Drills Surface Drilling Rig Market by Category
  - 8.2.6.3.3. Market size and forecast, by Application
  - 8.2.6.3.4. Market size and forecast, by Commodity
  - 8.2.6.3.5. Market size and forecast, by Sales Type
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Type
  - 8.3.2.1. Europe Rotary Drills Surface Drilling Rig Market by Category
  - 8.3.2.2. Europe Boom Drills Surface Drilling Rig Market by Category
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by Commodity
- 8.3.5. Market size and forecast, by Sales Type
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Type
  - 8.3.6.1.2.1. Germany Rotary Drills Surface Drilling Rig Market by Category
  - 8.3.6.1.2.2. Germany Boom Drills Surface Drilling Rig Market by Category
  - 8.3.6.1.3. Market size and forecast, by Application
  - 8.3.6.1.4. Market size and forecast, by Commodity
  - 8.3.6.1.5. Market size and forecast, by Sales Type
  - 8.3.6.2. France
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Type
  - 8.3.6.2.2.1. France Rotary Drills Surface Drilling Rig Market by Category
  - 8.3.6.2.2.2. France Boom Drills Surface Drilling Rig Market by Category
  - 8.3.6.2.3. Market size and forecast, by Application
  - 8.3.6.2.4. Market size and forecast, by Commodity
  - 8.3.6.2.5. Market size and forecast, by Sales Type
  - 8.3.6.3. UK
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Type
  - 8.3.6.3.2.1. UK Rotary Drills Surface Drilling Rig Market by Category
  - 8.3.6.3.2.2. UK Boom Drills Surface Drilling Rig Market by Category
  - 8.3.6.3.3. Market size and forecast, by Application
  - 8.3.6.3.4. Market size and forecast, by Commodity
  - 8.3.6.3.5. Market size and forecast, by Sales Type
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Type
  - 8.3.6.4.2.1. Italy Rotary Drills Surface Drilling Rig Market by Category
  - 8.3.6.4.2.2. Italy Boom Drills Surface Drilling Rig Market by Category
  - 8.3.6.4.3. Market size and forecast, by Application
  - 8.3.6.4.4. Market size and forecast, by Commodity
  - 8.3.6.4.5. Market size and forecast, by Sales Type
  - 8.3.6.5. Rest of Europe
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Type
  - 8.3.6.5.2.1. Rest of Europe Rotary Drills Surface Drilling Rig Market by Category
  - 8.3.6.5.2.2. Rest of Europe Boom Drills Surface Drilling Rig Market by Category
  - 8.3.6.5.3. Market size and forecast, by Application
  - 8.3.6.5.4. Market size and forecast, by Commodity
  - 8.3.6.5.5. Market size and forecast, by Sales Type
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Type
  - 8.4.2.1. Asia-Pacific Rotary Drills Surface Drilling Rig Market by Category
  - 8.4.2.2. Asia-Pacific Boom Drills Surface Drilling Rig Market by Category
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by Commodity
- 8.4.5. Market size and forecast, by Sales Type
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Type
  - 8.4.6.1.2.1. China Rotary Drills Surface Drilling Rig Market by Category
  - 8.4.6.1.2.2. China Boom Drills Surface Drilling Rig Market by Category
  - 8.4.6.1.3. Market size and forecast, by Application
  - 8.4.6.1.4. Market size and forecast, by Commodity
  - 8.4.6.1.5. Market size and forecast, by Sales Type
  - 8.4.6.2. India
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Type
  - 8.4.6.2.2.1. India Rotary Drills Surface Drilling Rig Market by Category
  - 8.4.6.2.2.2. India Boom Drills Surface Drilling Rig Market by Category
  - 8.4.6.2.3. Market size and forecast, by Application
  - 8.4.6.2.4. Market size and forecast, by Commodity
  - 8.4.6.2.5. Market size and forecast, by Sales Type
  - 8.4.6.3. Japan
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Type
  - 8.4.6.3.2.1. Japan Rotary Drills Surface Drilling Rig Market by Category
  - 8.4.6.3.2.2. Japan Boom Drills Surface Drilling Rig Market by Category
  - 8.4.6.3.3. Market size and forecast, by Application
  - 8.4.6.3.4. Market size and forecast, by Commodity
  - 8.4.6.3.5. Market size and forecast, by Sales Type
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Type
  - 8.4.6.4.2.1. South Korea Rotary Drills Surface Drilling Rig Market by Category
  - 8.4.6.4.2.2. South Korea Boom Drills Surface Drilling Rig Market by Category
  - 8.4.6.4.3. Market size and forecast, by Application
  - 8.4.6.4.4. Market size and forecast, by Commodity
  - 8.4.6.4.5. Market size and forecast, by Sales Type
  - 8.4.6.5. Rest of Asia-Pacific
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Type
  - 8.4.6.5.2.1. Rest of Asia-Pacific Rotary Drills Surface Drilling Rig Market by Category
  - 8.4.6.5.2.2. Rest of Asia-Pacific Boom Drills Surface Drilling Rig Market by Category
  - 8.4.6.5.3. Market size and forecast, by Application
  - 8.4.6.5.4. Market size and forecast, by Commodity
  - 8.4.6.5.5. Market size and forecast, by Sales Type
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Type
  - 8.5.2.1. LAMEA Rotary Drills Surface Drilling Rig Market by Category
  - 8.5.2.2. LAMEA Boom Drills Surface Drilling Rig Market by Category
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by Commodity
- 8.5.5. Market size and forecast, by Sales Type
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Type
  - 8.5.6.1.2.1. Latin America Rotary Drills Surface Drilling Rig Market by Category
  - 8.5.6.1.2.2. Latin America Boom Drills Surface Drilling Rig Market by Category
  - 8.5.6.1.3. Market size and forecast, by Application
  - 8.5.6.1.4. Market size and forecast, by Commodity
  - 8.5.6.1.5. Market size and forecast, by Sales Type
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Type
  - 8.5.6.2.2.1. Middle East Rotary Drills Surface Drilling Rig Market by Category
  - 8.5.6.2.2.2. Middle East Boom Drills Surface Drilling Rig Market by Category
  - 8.5.6.2.3. Market size and forecast, by Application
  - 8.5.6.2.4. Market size and forecast, by Commodity
  - 8.5.6.2.5. Market size and forecast, by Sales Type
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Type
  - 8.5.6.3.2.1. Africa Rotary Drills Surface Drilling Rig Market by Category
  - 8.5.6.3.2.2. Africa Boom Drills Surface Drilling Rig Market by Category
  - 8.5.6.3.3. Market size and forecast, by Application
  - 8.5.6.3.4. Market size and forecast, by Commodity
  - 8.5.6.3.5. Market size and forecast, by Sales Type

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2020

CHAPTER 10: COMPANY PROFILES

10.1. Arctic Drilling Company Oy Ltd.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
10.2. BARKOM GROUP
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Key strategic moves and developments
10.3. Boart Longyear Group Ltd.
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
10.4. Epiroc AB
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
10.5. Gill Rock Drill Co., Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
10.6. HARDAB AB
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
10.7. HAWE Hydraulik SE
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
10.8. Revathi Equipment Limited
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
10.9. Sandvik AB
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
10.10. Sunward Intelligent Equipment Co., Ltd.
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
10.11. Caterpillar Inc.
- 10.11.1. Company overview
- 10.11.2. Key Executives
- 10.11.3. Company snapshot
- 10.11.4. Operating business segments
- 10.11.5. Product portfolio
- 10.11.6. Business performance
10.12. Komatsu Ltd.
- 10.12.1. Company overview
- 10.12.2. Key Executives
- 10.12.3. Company snapshot
- 10.12.4. Operating business segments
- 10.12.5. Product portfolio
- 10.12.6. Business performance